New Delhi, Feb. 6 -- Breakout stocks to buy or sell: India's key stock indices closed in negative territory on Wednesday, February 5, pressured by weak performance from heavyweight stocks and rising tensions in the U.S.-China trade war.

The Nifty 50 declined by 0.18 per cent to settle at 23,696, while the Sensex dropped 0.40 per cent, closing at 78,271, compared to its previous day's finish.

The Nifty Smallcap 100 index climbed 1.85 per cent to reach 17,108, while the Nifty Midcap 100 index advanced 0.68 per cent, closing at 54,180.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market is encountering resistance at 23,800 while establishing a strong support level at 23,500.

Speaking on the outlook...